301-261 Lester Street, Waterloo, ON, N2L 3W6

$560,000

MLS® # 40763189

Condo For Sale In Columbia, Waterloo, Ontario

$560,000

  • 5

    Bedrooms

  • 2

    Baths

  • $922

    Maintenance Fees

Property Information:

Room #1 - $900, ending Aug 26, 2025, #2 - $900, ending Aug 26, 2025, #3 -$750, ending Aug 26, 2025, #4 - $900, ending Aug 26, 2025, #5 - $900,ending Aug 26, 2025. Incredible turnkey investment in the heart ofWaterloo's university district! This purpose-built 5-bedroom, 2-bathroomcondo at 261 Lester St has the potential to generate over $52,000/year ingross rental income with positive monthly cash flow. Just steps to WilfridLaurier University and the University of Waterloo, this high-demandlocation ensures consistent tenancy. Features include a spaciousopen-concept living area, two full baths, included furniture, andprofessional property management options for a completely hands-offexperience. Condo fees include heat and water, and the building offersparking, shared laundry, elevator access, and proximity to transit, shops,and amenities. The seller will provide one year of professional propertymanagement or offer the cash value as part of the sale. Photos arevirtually decluttered.

Inclusions: Dishwasher,Furniture,Range Hood,Refrigerator,Stove

Building Features:

  • Floor Space: 1349 Square Feet

Property Features:

  • Bedrooms: 5
  • Bathrooms: 2+0
  • Architectural Style: 1 Storey/Apt
  • Association Amenities: Elevator(s), Parking
  • Condo Fees: $922
  • Construction Materials: Brick
  • Cooling: Central Air
  • Driveway Parking: None
  • Floor Space (approx): 1349 Square Feet
  • Heating: Forced Air, Natural Gas
  • Interior Features: Elevator, Other
  • Laundry Features: Coin Operated, In-Suite
  • Lot Features: Urban, Ample Parking, Place of Worship, Public Parking, Public Transit, Schools, Other
  • Roof: Other
  • Water Source: Municipal
  • Zoning: GR
  • Sewer: Sewer (Municipal)

Rooms:

  • Living Main Level 4.11 X 2.59
  • Kitchen Main Level 5.11 X 4.88
  • Bedroom Main Level 3.99 X 2.51
  • Bedroom Main Level 3.86 X 3.66
  • Bedroom Main Level 3.99 X 3.15
  • Bedroom Main Level 4.19 X 3.73
  • Bedroom Main Level 4.06 X 3.10
  • Bathroom Main Level
  • Bathroom Main Level

Courtesy of: Royal LePage Signature Realty

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Additional Photos